The effects of climate policy on environmental expenditure and investment: evidence from Sweden
This study provides new evidence on the determinants of environmental <italic>expenditure</italic> and <italic>investment</italic>. In particular, it investigates how environmental expenditure and investment of Swedish industrial firms responded to climate policies, such as the European Union's Emission Trading System (EU ETS) and the Swedish CO<sub>2</sub> tax, directed to mitigate air pollution. Overall, an important conclusion of this analysis is that climate policies, both on the national and international levels, were highly relevant motivations for firm environmental <italic>expenditure</italic>. However, the findings do not support the expectations that the EU ETS and the Swedish CO<sub>2</sub> tax encouraged <italic>investment</italic> in air pollution abatement.
Year of publication: |
2014
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Authors: | Jaraite, Jurate ; Kazukauskas, Andrius ; Lundgren, Tommy |
Published in: |
Journal of Environmental Economics and Policy. - Taylor & Francis Journals, ISSN 2160-6544. - Vol. 3.2014, 2, p. 148-166
|
Publisher: |
Taylor & Francis Journals |
Saved in:
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